Today the World Bank's directors are picking a new new president. The U.S. has nominated one candidate, and historically the American choice gets the job. But for the first time, there's another contender -- from the developing world.

World leaders in New York are reviewing the progress of the so-called Millennium Development Goals, a set of concrete goals most countries agreed to at the end of the 90s aimed at improving the quality of life for billions. But the deal was signed before the global financial crisis hit. Gretchen Wilson reports.

Consumers in Mozambique are celebrating after their government said it would cancel a scheduled price increase for rolls of bread. That initial announcement led to riots. Reporter Gretchen Wilson talks with Steve Chiotakis about why this is a big deal for the southern African nation and whether the demonstrations could start again.

U.S. oil company Anadarko has discovered oil off the coast of Mozambique. It's the first time oil has been discovered near this part of East Africa. It's still unclear whether getting the oil out of the sea floor will make economic sense. Gretchen Wilson reports.